On completion of the course the student should be able to:

- understand corporate finance from a cash flow perspective (1)
- describe the theoretical concepts of perfect market, the Law Of One price and noarbitrage opportunity (2)

- perform different valuation calculations based on cash flows (3)
- apply and compare various alternative ways of using and raising capital (4)

- judge and evaluate ethics and incentives within corporations (5)

• Different firm types and ownership
• Concept of time value of money
• Interest rates
• Valuation methods
• Introduction to capital budgeting
• Risk and return
• Short- and long-run financial planning including leasing
• Corporate governance and regulation

The teaching consists of lectures, seminars and exercises performed individually or in groups.

A digital learning platform is used.

Students who have been admitted to and registered on a course have the right to receive instruction/supervision for the duration of the time period specified for the particular course to which they were accepted. After that, the right to receive instruction/supervision expires.

The teaching is conducted in English.

General entry requirements and completed courses Introduction to Organisations, 4.5 credits, Financial Accounting, 7.5 credits, and Budgeting and Human Resource Accounting, 7.5 credits, or the equivalent. English proficiency is required. Exemption is granted from the requirement in Swedish.

The course is graded A, B, C, D, E, FX or F.

A passing course grade requires passing grades on both examinations.

The student’s ability to understand corporate finance from a cash flow perspective is evaluated through a written assignment and an individual written exam (mid-term and final) which focus both on understanding financial planning concepts and being able to calculate basic values of cash flows, risk and interest rates.

ILOs 1 to 5 are examined through the individual written exam.
ILOs 3 and 4 are examined through the assignment, which is carried out in groups of two.

The grades A, B, C, D and E are all passing grades. For courses with more than one examination, students are given a final grade based on an overall assessment of all examinations included in the course. The final grade of the course is issued only when all course units have been passed.

The examination is based on instruction and course literature.

The examination must allow for students to be assessed on an individual basis. Students may not make a second attempt at any examination (or element of examination) already passed in order to receive a higher grade. Further information concerning assessment and grading criteria is provided in a study guide distributed at the beginning of the course.

Students are guaranteed a minimum of three examination occasions, including the regular occasion.

If a student has failed the same examination three times, the student is entitled to request that the next examination is assessed and graded by a new examiner if possible. The decision to accept or reject such a request is made by the vice dean of education.

In case the course is terminated or significantly altered, examination according to the present course syllabus shall be offered on at least two occasions in the course of one year after the termination/alteration.

Name of the Test	Value	Grading
Individual written examination 1	2 credits	A/B/C/D/E/FX/F
Individual written examination 2	4 credits	A/B/C/D/E/FX/F
Assignment	1.5 credits	U/G

At the end of the course, a course evaluation is performed and commented on by the course coordinator and, if possible, a student/students (course developer/s). The course evaluation, which is published on the relevant learning platform and submitted to the study administration, is to function as a basis for future improvements to the course.

Berk, Jonathan., DeMarzo, Peter., Corporate Finance. Pearson International Ed., latest edition. 1144 p.

Citing Sources – How to Create Literature References. http:ju.se/library/search--write/citing-sources---how-to-create-literature-references.html

Information Material about Anti-Plagiarism at Universities. The Interactive Anti-Plagiarism Guide – Jönköping University. http:pingpong.hj.se/public/courseId/10565/publicPage.do